GL-131E

Summary

This license authorizes transactions ordinarily incident and necessary to the negotiation of and entry into contingent contracts with Lukoil or its affiliates for the sale, disposition, or transfer of Lukoil International GmbH (LIG) and any LIG-majority-owned entities. It also authorizes transactions necessary to maintain or wind down operations, contracts, or other agreements of LIG Entities, and permits blocked accounts of LIG Entities to be used, debited, or credited for those maintenance/wind-down transactions. All authorizations run through 12:01 a.m. eastern daylight time, May 30, 2026.

Authorized activities

• Negotiation of and entry into contingent contracts with Lukoil or its affiliates for the sale, disposition, or transfer of LIG or any LIG Entity
• Maintenance or wind down of operations, contracts, or other agreements of LIG Entities
• Use, debit, or credit of blocked accounts of LIG Entities for maintenance/wind-down transactions

Conditions

Contract performance under paragraph (a) must be expressly contingent upon receipt of separate OFAC authorization. Blocked accounts of LIG Entities may only be used for paragraph (b) maintenance/wind-down transactions. The license does not authorize: (1) unblocking of any property blocked under 31 CFR chapter V (except as in paragraph (c)); (2) transactions otherwise prohibited by the RuHSR involving persons blocked under the RuHSR other than those described in paragraph (a), unless separately authorized; or (3) the transfer of funds to any person or account located in the Russian Federation.